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Internet of Medical Things (IoMT) Market size to register a CAGR of 25.6% by 2025

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Internet of Medical Things (IoMT) Market size to register a CAGR of 25.6% by 2025

May 31
22:48 2022
Internet of Medical Things (IoMT) Market size to register a CAGR of 25.6% by 2025
Internet of Medical Things (IoMT) Market
Internet of Medical Things (IoMT) Market by key players are GE Healthcare, Koninklijke Philips, N.V., Medtronic plc, Cisco Systems, Inc., IBM Corporation, Siemens AG

IoMT Market Overview:

The Internet of Medical Things (IoMT) Market is an online computer network that connects medical equipment and applications to healthcare IT systems. Machine-to-machine communication, which is the foundation of IoMT technology, is enabled by medical equipment connected to Wi-Fi networks. The IoT devices connect to cloud systems like Amazon Web Services or Microsoft Azure, which gather, store, and analyze the data. The growing number of linked devices and the necessity for cost-cutting in pharmaceutical delivery are propelling the IoMT industry forward.

Furthermore, the desire to improve healthcare outcomes and the growth of high-speed networking technologies such as low-power wide-area networks (LPWANs) and comparable technologies are two prospective areas of market progress in IoMT devices. However, the IoMT industry is expected to be hampered by a lack of sufficient IoT technology capabilities across healthcare businesses. IoT medical devices have the potential to revolutionize healthcare, enhance patient outcomes, and save costs.

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It is assisting healthcare providers in making informed care decisions with greater speed and ease, thanks to benefits such as improved patient safety, reduced medical errors, seamless transfer of electronic health records (EHR), enhanced disease management, remote monitoring of chronic illnesses, and better medication management TCS, a renowned global IT services business, has introduced an Intelligent Field Inventory Management (IFIM) solution in collaboration with SAP. This approach combines IoT and blockchain technology to assist medical equipment makers in streamlining surgical kit handling. Cynerio, an IoMT firm, obtained USD 7 million in investment from Accelmed, RDC, and MTIP in January 2019. In the United States, the business intends to grow its healthcare-focused cybersecurity platform.

IoMT Market Segmentation:

By Component: Medical equipment, systems and software, and services are the three segments of the internet of medical things (IOMT) market.

By Product Type: The market is segmented into vital sign monitoring devices, implanted cardiac devices, respiratory devices, anesthetic machines, imaging systems, ventilators, and other devices.

By Application: Telemedicine, clinical operations and workflow management, linked imaging, inpatient monitoring, medication management, and other segments of the market have been identified.

By Connectivity Technology: Wi-Fi, Bluetooth low energy, ZigBee, near field communication, and other technologies make up the internet of medical things (IOMT) market.

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IoMT Market Regional Classification:

The worldwide Internet of Medical Things (IoMT) market is divided into four regions: North America, Europe, Asia-Pacific, the Middle East, Africa, and South America. Because of the growing number of smartphone users, higher use of 4G technology, and the need to address the region’s rising healthcare expenditures, North America is likely to lead the market with the greatest share throughout the forecast period. Because of government measures to promote eHealth and the rising demand for excellent healthcare products and services, Asia-Pacific is predicted to expand at the fastest CAGR over the projection period.

Table Of Contents

1 EXECUTIVE SUMMARY

1.1 MARKET ATTRACTIVENESS ANALYSIS

1.1.1 GLOBAL IOMT MARKET, BY COMPONENT

1.1.2 GLOBAL INTERNET OF MEDICAL THINGS (IOMT) MARKET, BY PRODUCT TYPE

1.1.3 GLOBAL INTERNET OF MEDICAL THINGS (IOMT) MARKET, BY APPLICATION

1.1.4 GLOBAL IOMT MARKET, BY CONNECTIVITY TECHNOLOGY

1.1.5 GLOBAL INTERNET OF MEDICAL THINGS (IOMT) MARKET, BY END USER

1.2 GLOBAL INTERNET OF MEDICAL THINGS (IOMT) MARKET, BY REGION

2 MARKET INTRODUCTION

2.1 DEFINITION

2.2 SCOPE OF THE STUDY

2.3 RESEARCH OBJECTIVE

2.4 MARKET STRUCTURE

3 RESEARCH METHODOLOGY

3.1 RESEARCH PROCESS

3.2 PRIMARY RESEARCH

3.3 SECONDARY RESEARCH

3.4 MARKET SIZE ESTIMATION

3.5 FORECAST MODEL

3.6 LIST OF ASSUMPTIONS

Continued…

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Industry News:

The existence of various regional and local providers characterizes the global Internet of Medical Things (IoMT) Market. GE Healthcare, IBM Corporation, Koninklijke Philips N.V., Medtronic plc, Cisco Systems, Inc., Boston Scientific Corporation, Johnson & Johnson Services, Inc., Biotronik, Agamatrix, Sciencesoft, Siemens AG, Welch Allyn, Inc., Wireless, Telit, and STANLEY Healthcare are just a few of the market’s major players.

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